Loading…
Acute shortages of DAP fertiliser ahead of the rabi sowing season have left cooperative societies out of stock, with DAP selling on the black market at steep prices. Finished DAP import prices are expected to stay high after importers cut purchases of raw materials and finished product when international rates rose sharply.
India imports about half its DAP needs and depends almost entirely on imported ammonia and phosphoric acid, so high import costs and reduced purchases tighten domestic supply and keep phosphate fertiliser prices elevated.
business-standard.comSanjeeb MukherjeeNov 2, 2021Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
